Results

The purpose of this paper is to determine whether the development of the financial sector has been accompanied by economic growth in a sample of countries in Sub-Saharan Africa and to further investigate whether some causal pattern emerges which might lend support to the view that financial intermed...

This paper examines the behavioral parameters of the IS equations for eight countries in sub-Saharan Africa. The empirical results show an overall destabilizing effect rooted in the parameters of the IS functions. The study lends support to the view that recourse to external financing, to balance th...